PSALM’s privatization efforts generated a total of USD19.996 billion as of of 1st quarter 2017. Of this amount, actual collection amounted to USD11.175 billion as of this period.
Privatization Proceeds Generation and Collection
As of 1st Quarter 2017
In USD Billion
| Assets | Generated | Collected | Balance |
|---|---|---|---|
| Generating Assets | 3.605 | 3.605 | 0.000 |
| Decommissioned Plants | 0.007 | 0.007 | 0.000 |
| Transmission Business (TransCo) | 6.100 | 4.004 | 2.096 |
| Appointment of IPPAs | 10.284 | 3.559 | 6.725 |
| Total | 19.996 | 11.175 | 8.821 |
Out of the USD10.291 billion privatization proceeds utilized, USD10.192 billion or 99.03% was used for the liquidation of financial obligations. The difference between the total amount collected and total utilization in the amount of USD.884 billion is placed in temporary investments while awaiting utilization.
Privatization Proceeds Utilization
As of 3rd Quarter 2016
In USD Billion
| Utilization | Amount (In USD Billion) |
|---|---|
| Debt Prepayment | 1.298 |
| Regular Debt Service | 6.338 |
| BOT Lease Obligations | 2.555 |
| Other Privatization-Related Expenses | 0.099 |
| TransCo OPEX | 0.001 |
| Total | 10.291 |
USD1:PhP50.194 (BSP Guiding Rate dated 31 March 2017)
